Sotheby’s International Realty today released its August 2015 Greater Los Angeles Market Update, which showed the Beverly Hills market ranking with the highest percent increase of luxury homes sold year over year during June-August 2015. Two submarkets in particular made the top five for the June-August 2015 report: Beverly Hills Post Office with an 85 percent increase and Beverly Hills proper with an 83 percent increase in single-family luxury home sales ($3 million and higher) as compared to the same time period last year. Pacific Palisades also remained a dominant luxury real estate market in summer 2015, ranking first for the greatest number of luxury homes sold and with a three percent increase in the number single-family home sales year over year.

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9133 Oriole Way, Los Angeles CA

Released monthly with rolling three-month data, the report is a comprehensive analysis of real estate market activity in the area across the top 33 markets to keep audiences up-to-date on trends at the macro and micro level for single-family homes and condominiums.

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